HSBC launches SGD income bond fund

Singapore

HSBC has launched a Singapore dollar income bond fund for retail investors, adding to a small pool of Singapore dollar (SGD) funds regarded as relatively low-risk.

The fund will primarily invest at least half in SGD-denominated bonds issued by governments, government agencies, supranational bodies or companies that are Singapore and non-Singapore based issuers, HSBC said Thursday. All other investments will be hedged to SGD.

The fund will also invest across various countries and sectors which tend to behave differentl…